From those one looked fairly good, well managed on the upswing as a new owner had come in and started remodeling and kicking bad tenants out. 24 unit complexList 565,000Purchase Price 535,000Gross Rent:138,000Less Vacancy(10%) 13,830Operating Income 124,470Property Tax 8,837Insurance: 6,900Management(6% after vacancy): 7,468Maintenance(6%): 8,298CapEx(6%): 8,298Water: 8,400Waste: 2,700Electric: 8,400(laundry room, hot water heaters, security camera's)Cleaning(unit turnover): 1,800Landscaping: 600Operating Expenses : 60,301Net Operating : 64,169Loan Payments(100% financing): 42,369Cashflow:21,80024 units - 16 2bedroom and 8 - 1 bedroom lofts.

She has filed application with LTB, and hearing is arranged in March. 

Reassessment would be ... undesirable.There's also a bulletin posted on the DRE site (from 2016) that talks about this subject as it relates to short term rentals (but they cover all mgmt cases):http://www.dre.ca.gov/files/pdf/adv/LicenseeAlert2...The "power of attorney" thing has an ominous "don't use these provisions to circumvent the requirement" clause. 

@Matthew WardYou are correct - Florida does not have an income tax on individuals.If you operate out of state - a portion of your income may be sourced to a different state.You may be required to file a non-resident state return in that state.The Federal tax return reports income that you earned from worldwide sources.

The other partner is securing the loan with their credit. 

You want two or three Architects on file since they can be busy if they are good and you need one when you need one not a year from now.

Hello folks, I became landlord by chance and this is my first time having to go through giving back a security deposit to a tenant, so please bare with me. 

Some were filed that same day, the day before, two days prior, etc. 

@Warren BranumA Death Certificate is going to need to be filed.

I also know that the boardwalk that is being rebuilt and extended to gardners basin will have security cameras covering the boardwalk and the streets leading to it.